Raising income tax threshold key to lowest income inequality since 1986 – Jo

Jo Swinson MP for East Dunbartonshire is welcoming the news that the gap in disposable incomes is at its lowest level since 1986.  The good news comes following the publication of the Office for National Statistics’ annual report on the effect of taxes and benefits on household income.

Commenting Jo said:

“The ONS figures show that the Coalition Government’s tax and benefits system have led to income being shared more equally between households.

“Today’s figures show that our manifesto pledge to take the poorest out of tax is making Britain a fairer place. Income inequality is at its lowest level since 1986.

“More than 2 million people in Scotland will benefit from the £700 income tax cut that Liberal Democrats have introduced in government. This is real money back in the pockets of those who need this extra help the most.

“In Government, Liberal Democrats have been working hard to build a stronger economy in a fairer society even while we have had to make difficult decisions to bring the deficit down.

“Is there more work to be done? Absolutely. But this is real progress towards the fairer society that Liberal Democrats want to see.”

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